Brookfield Corporation (NYSE:BN) Shares Bought by Value Partners Investments Inc.

Value Partners Investments Inc. raised its position in Brookfield Corporation (NYSE:BN - Free Report) by 25.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,111 shares of the company's stock after acquiring an additional 6,154 shares during the quarter. Value Partners Investments Inc.'s holdings in Brookfield were worth $1,577,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new position in shares of Brookfield during the 4th quarter valued at approximately $912,000. Global Retirement Partners LLC boosted its stake in shares of Brookfield by 18.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,801 shares of the company's stock valued at $218,000 after buying an additional 597 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of Brookfield by 7.7% during the 4th quarter. Ieq Capital LLC now owns 6,434 shares of the company's stock valued at $370,000 after buying an additional 458 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Brookfield by 4.2% during the 4th quarter. Wealthspire Advisors LLC now owns 10,994 shares of the company's stock valued at $632,000 after buying an additional 444 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Brookfield during the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. CIBC reduced their target price on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Scotiabank reduced their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. TD Securities decreased their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Royal Bank Of Canada started coverage on shares of Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.13.

Brookfield Stock Performance

Brookfield stock traded up $0.52 during mid-day trading on Friday, reaching $61.62. The company's stock had a trading volume of 1,616,716 shares, compared to its average volume of 2,441,647. Brookfield Corporation has a twelve month low of $40.82 and a twelve month high of $62.78. The firm has a market cap of $101.54 billion, a price-to-earnings ratio of 220.05 and a beta of 1.66. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average price of $57.26 and a 200-day moving average price of $56.19.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sell-side analysts predict that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's dividend payout ratio (DPR) is 128.57%.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.